Entering the slow lane

摘要

The liner industry should obtain that sign and update it! The container business is in a rout, with ships being idled, scrapped and reassigned at record levels, and rates are in free fall. Asia-Europe spot rates fell 78% in the first quarter year-to-year, head-haul rates were quoted less than back haul, and the Suez Canal cut its fees to discourage long-way-around the Cape.